BIBF Participates in Gulf Banking Institutes Meeting

BIBF took part in the 30th meeting of the Commission of Banking Institutes and Faculties in the GCC, which was held recently in Qatar’s capital, Doha.

The meeting, which takes place annually under the umbrella of GCC general secretariat, is aimed at exchanging experience and knowledge between Gulf banking institutes and coordinating a number of joint initiatives to support banking education and training in the region.

The meeting, attended by BIBF Deputy Director Dr. Ahmad Al-Shaikh and directors and principals of banking institutions and faculties in the GCC, discussed the latest developments and best practices in the field of banking education and training. Banking institutes and faculties reviewed their organisational and strategic structures as well as proposed plans and programmes to enhance the performance of organisations providing banking education and training.

Dr. Al-Shaikh stressed the importance of the meeting in understanding banking challenges faced in the GCC and contributing effectively to meeting its various development needs. He also stressed the need to boost cooperation and exchange expertise among banking education and training institutes to serve the banking sector in the region. Al-Shaikh added that BIBF boasts region-leading experience in supplying the labour market with professionally-trained staff in the banking and financial sector.

Al-Shaikh further noted that the meeting discussed coordination and organisational issues in the field of banking education and training, including academic accreditation of banking certificates and online education. He added that these issues top BIBF’s priorities to ensure sustainable development and improvement, stressing the importance of quality in programmess offered and their outcome. Al-Shaikh also said that BIBF’s professional certificates are accredited by international strategic partners, and called for enhancing online education, which was first implemented by BIBF in its insurance programmes, and is currently exploring the possibility of rolling it out to other programmes, such as financial studies.